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This paper contains two results. The first result says that given any efficient non-monetary allocation there is a … balanced vector of transfers so that the resulting allocation is fair. The second result says that given any efficient non …-monetary allocation there is a pricing function defined on consumption bundles and a balanced vector of transfers so that they together …
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This paper mainly studies two topics: linear complementarity problems for modeling electricity market equilibria and optimization under uncertainty. We consider both perfectly competitive and Nash-Cournot models of electricity markets and study their robustifications using strict robustness and...
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